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NEW YORK, March 19 (Xinhua) -- U.S. stocks closed mixed Thursday amid a strong rebound in the U.S. dollar, as investors were still digesting Wednesday's statement from the Federal Reserve.
The Dow Jones Industrial Average dropped 117.16 points Cheap Shaquille O'Neal Jersey , or 0.65 percent, to 17,959.03. The S&P 500 lost 10.23 points, or 0.49 percent, to 2 Cheap Kareem Abdul-Jabbar Jersey ,089.27. The Nasdaq Composite Index was up 9.55 points, or 0.19 percent, to 4,992.38.
U.S. stocks swung sharply to gains Wednesday following the statement, as investors were relieved by Fed Chair Janet Yellen's dovish outlook.
In its statement on monetary policy Wednesday Cheap Kurt Rambis Jersey , the Fed dropped its promise to remain "patient" before raising interest rates. However, "Just because we're not using the word 'patient' doesn't mean we're going to be impatient," said Yellen at a press conference following the statement's release.
Moreover, the Fed said it will "be appropriate" to raise interest rates when it has seen further improvement in the labor market and is "reasonably confident" that inflation will move back to its target of 2 percent in the medium term.
Analysts said the Fed could afford to be patient in deciding when to raise interest rates as labor force participation rate was lower than expected and wage growth remained sluggish, although the unemployment rate had fallen to an almost seven-year low of 5. 5 percent in February.
The U.S. dollar bounced back sharply on Thursday after its biggest slide since 2009 following the Fed statement on Wednesday.
The dollar index Cheap Elgin Baylor Jersey , which measures the greenback against six major peers, was down 1.55 percent during the prior session. The greenback pared most of its losses on Thursday with the dollar index up 0.88 percent at 99.415 in late trading.
On the economic front, in the week ending March 14, the advance figure for seasonally adjusted initial jobless claims was 291,000 Cheap Michael Cooper Jersey , an increase of 1,000 from the previous week's revised level, the U. S. Labor Department reported Thursday.
Apple officially began trading as a member of the Dow Thursday, replacing AT&T in the index. Its shares fell 0.76 percent to 127. 50 dollars apiece.
BEIJING, July 19 (Xinhua) -- China's commercial banks will see their bad loan ratio remain generally stable and slightly retreat in the coming quarters Cheap Wilt Chamberlain Jersey , a report released by China Orient Asset Management predicts.
In the fourth quarter of 2016, Chinese lenders' non-performing loan ratio declined for the first time since 2012 to 1.74 percent, suggesting that loan losses posing risks to the country's financial market are easing.
The ratio stood unchanged in the first three months of 2017.
Citing results from sample surveys and data analysis, the report concluded that the banks' bad loan ratio would remain stable from the second quarter of 2017 to the first quarter next year.
But as China pushes ahead with economic structural upgrades, the ratio would still face upward pressure Cheap Vlade Divac Jersey , the report added.
China Orient Asset Management is one of the country's four asset management companies set up in 1999 to deal with the toxic assets of state-owned banks in a bid to help them transform to market-oriented financial institutions.
China supports two-state solution on Palestinian issue: President Xi
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